FlexTQM (Transaction Quality Management) is a transaction cost analysis system that offers real-time and historical transaction cost analysis for both portfolios and single stocks. With FlexTQM, traders can analyse their performance, algorithm performance and strategy performance over daily, monthly and yearly cycles, and view any deviation of realised costs using an array of benchmarks.
Asset classes and markets
FlexTQM is configured to handle global equity, FX
as well as some derivatives in the Americas, EMEA and Asia.
data comes in from the FlexTRADER execution management system (EMS) and client
order management system. All market data is available from feeds such as
Reuters and Bloomberg, and also can be user provided or manually entered.
FlexTQM’s proprietary tick database provides more
than 80 measures relevant to trading activity. Standard benchmarks include
open, close, volume-weighted average price and previous close. It will display
the sources of your trading costs in real-time and historically.
Reporting options are available real-time in csv,
excel and pdf formats. There are options to see all orders and summaries of
FlexTrade provides a support desk staffed by
software developers and engineers. On-site client training is available and the
application itself has a range of embedded tutorials.
FlexTQM runs pre-trade analysis to estimate costs
and provide an optimised strategy prior to entering the market. The application
shows how the trader has historically traded that stock, and the trader can see
how the firm has traded similar orders.
FlexTrade has included an Algorithm Selector with its EMS, which allows traders to profile a stock or a list of stocks and then use the Algo Selector tool to recommend the best way to trade.